Tightening the norms on the time period that the welfare boards and co-operatives can hold unspent pension amounts, the State government has stipulated that the money which has not been handed over to beneficiaries be transferred back to the Kerala Social Security Pension Limited (KSSPL) within 10 days of the pension payment dates. Interest will be levied in case of delays.
The co-operatives are tasked with the responsibility of doorstep delivery of social security pensions to beneficiaries who have not opted for payment through bank accounts. However, some co-operatives have failed to transfer back the amount which was not distributed to beneficiaries even after a long period. A meeting was convened earlier this year to discuss the issue, with the Panchayat Director, Registrar of co-operatives and officials of the Information Kerala Mission and the Social Security Pension Limited participating.
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